The Table Given Below Depicts the Total Utility Derived from the Consumption

question 50

Multiple Choice

The table given below depicts the total utility derived from the consumption of a good. Table 6.1

-If one were to plot the data from Table 6.1 (with utility on the vertical axis and quantity of the good on the horizontal axis) :

• A)the total utility curve would begin to decline after the second unit of the good.
• B)the marginal utility curve would begin to decline after the third unit of the good.
• C)the marginal utility curve would intersect the horizontal axis at the third unit of the good.
• D)the marginal utility curve would intersect the horizontal axis at the second unit of the good.
• E)the total utility curve would rise from the first unit to the fifth unit.

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Definitions:

Sampling Frequency

The rate at which samples are taken or recorded from a continuous signal or population for analysis.

Sample Size

The number of observations or data points collected in a sample from a population for the purpose of statistical analysis.

Standard Deviation

An algorithm for assessing how spread out or varied a series of data points is.

Instability

Instability refers to the lack of consistency or predictability in data, indicating significant variance over time.